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The Implications of the Adherence to the European Union over the Achievementof a Functional Market Economy in Romania

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  • Maria MACRIS

    (University of Petrosani)

Abstract

The transition to the economy with competitive market intersects in a good measure with the adherence of Romania to the European Union. We take into account both the preparation period of the conditions of pre-adherence, when between Romania and the European Union functioned an Agreement of association, and also the period after the formal official adherence on the 1st of January 2007. Romania’s adherence to the European Union has special implications over the achievement of a functional market economy through the assimilation of the communitarian acquis, especially in the competence field but also through the perspective of the introduction of the unique currency Euro. The benefic effects started to manifest even since the moment of the signing of the Association Agreement, through financial assistance of which Romania beneficiated. The adherence perspective obliged Romania to adept properly the business medium and to improve the macroeconomic stability. The communitarian aquis must be assimilated in its integrity, not an easy thing, especially if we take into account that this is also affected by a certain dynamism due to the changes produced in the European space. The alignment to the European structures means the reformation on new coordinates of all the components of the socio-economic and politic life. The corollary of all these transformations and efforts is the Romanians’ status of European citizens.

Suggested Citation

  • Maria MACRIS, 2008. "The Implications of the Adherence to the European Union over the Achievementof a Functional Market Economy in Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(36), pages 1380-1389, May.
  • Handle: RePEc:aio:aucsse:v:3:y:2008:i:11:p:1380-1389
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    More about this item

    Keywords

    The adherence to the European Union; Macroeconomic; the competition’s policy.;

    JEL classification:

    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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